Ethan Zhao
Senior Reporter
The Latest
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Toyota and Other Japanese Automakers Face Deepening Scandal Over Testing Irregularities
Toyota Motor Corp. and four other Japanese automakers have admitted to falsifying testing data or conducting improper tests on vehicles, leading to halted shipments and shaken consumer trust. The revelations have triggered a government investigation and cast a shadow over the country's reputation for meticulous quality control in manufacturing. 
Toyota Motor Corp. and four other Japanese automakers have admitted to falsifying testing data or conducting improper tests on vehicles, leading to halted shipments and shaken consumer trust. The revelations have triggered a government investigation and cast a shadow over the country's reputation for meticulous quality control in manufacturing. -
China Fines Evergrande’s Hengda $577 Million for Fraudulent Bond Issuance
China's financial regulatory body has imposed a substantial fine on China Evergrande Group's onshore flagship unit, Hengda Real Estate, amounting to 4.18 billion yuan ($577 million) for fraudulent bond issuance and illegal information disclosure. 
China's financial regulatory body has imposed a substantial fine on China Evergrande Group's onshore flagship unit, Hengda Real Estate, amounting to 4.18 billion yuan ($577 million) for fraudulent bond issuance and illegal information disclosure. -
Saudi Aramco’s Venture Fund Prosperity7 Participates in Zhipu AI’s $400 Million Investment Round
Saudi Aramco's venture capital arm, Prosperity7, has joined a $400 million investment round in Chinese AI startup Zhipu AI, according to two sources familiar with the matter, media reported on Friday. 
Saudi Aramco's venture capital arm, Prosperity7, has joined a $400 million investment round in Chinese AI startup Zhipu AI, according to two sources familiar with the matter, media reported on Friday. -
U.S. and China Clash Over Taiwan at Asia Defense Summit
The U.S. and Chinese defense chiefs engaged in a tense exchange over Taiwan during their first face-to-face meeting in two years at the Shangri-La Dialogue, Asia's premier defense summit, held in Singapore. Defense Secretary Lloyd Austin and China's Defense Minister Dong Jun met on the sidelines of the conference, emphasizing the need to keep military-to-military communications open despite their sharp differences. 
The U.S. and Chinese defense chiefs engaged in a tense exchange over Taiwan during their first face-to-face meeting in two years at the Shangri-La Dialogue, Asia's premier defense summit, held in Singapore. Defense Secretary Lloyd Austin and China's Defense Minister Dong Jun met on the sidelines of the conference, emphasizing the need to keep military-to-military communications open despite their sharp differences. -
China Reinstates Tariffs on 134 Taiwanese Goods, Escalating Economic Tensions
China announced it would reinstate tariffs on 134 items imported from Taiwan, starting June 15. This move comes as part of Beijing's broader strategy to apply pressure on Taiwan, which China views as a breakaway province, amid increasing political and military frictions. 
China announced it would reinstate tariffs on 134 items imported from Taiwan, starting June 15. This move comes as part of Beijing's broader strategy to apply pressure on Taiwan, which China views as a breakaway province, amid increasing political and military frictions. -
U.S. Treasury Issues Stern Warning to China Over Support for Russia
Deputy U.S. Treasury Secretary Wally Adeyemo emphasized that Chinese firms must choose between conducting business with Western economies or providing dual-use goods to Russia. Speaking in Berlin on Friday, Adeyemo stressed the importance of making it clear to Chinese companies that their actions will have significant consequences. 
Deputy U.S. Treasury Secretary Wally Adeyemo emphasized that Chinese firms must choose between conducting business with Western economies or providing dual-use goods to Russia. Speaking in Berlin on Friday, Adeyemo stressed the importance of making it clear to Chinese companies that their actions will have significant consequences. -
National Security Law Crackdown: Hong Kong's Largest Subversion Trial Convicts 14 Democracy Advocates
A Hong Kong court convicted 14 pro-democracy activists on Thursday in what has become the city's most significant national security case. 
A Hong Kong court convicted 14 pro-democracy activists on Thursday in what has become the city's most significant national security case. -
Renewed Chinese Military Activity Near Taiwan Heightens Tensions as More U.S. Lawmakers Visit Taiwan
Renewed Chinese military activity near Taiwan has been reported less than a week after Beijing concluded two days of war games. Taiwan's defense ministry announced on Wednesday that Chinese warships and warplanes were conducting "joint combat readiness patrols" around the island. Renewed Chinese military activity near Taiwan has been reported less than a week after Beijing concluded two days of war games. Taiwan's defense ministry announced on Wednesday that Chinese warships and warplanes were conducting "joint combat readiness patrols" around the island. -
IMF Upgrades China's GDP Forecast to 5%, Warns of Long-term Risks
The International Monetary Fund (IMF) has upgraded its forecast for China's economic growth this year to 5%, up from the previous estimate of 4.6%, citing a strong first quarter and recent policy measures aimed at stabilizing the economy. 
The International Monetary Fund (IMF) has upgraded its forecast for China's economic growth this year to 5%, up from the previous estimate of 4.6%, citing a strong first quarter and recent policy measures aimed at stabilizing the economy. -
China’s Third Big Fund Aims for Semiconductor Self-Sufficiency with $47.5 Billion Investment
China has established its third state-backed investment fund to bolster its semiconductor industry, committing 344 billion yuan ($47.5 billion) in an effort to achieve technological self-sufficiency. This move underscores President Xi Jinping's intensified drive to fortify China's semiconductor capabilities, especially amid escalating U.S. export controls designed to limit Beijing's access to advanced technology for potential military applications. 
China has established its third state-backed investment fund to bolster its semiconductor industry, committing 344 billion yuan ($47.5 billion) in an effort to achieve technological self-sufficiency. This move underscores President Xi Jinping's intensified drive to fortify China's semiconductor capabilities, especially amid escalating U.S. export controls designed to limit Beijing's access to advanced technology for potential military applications.
